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NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Income Per Share of Common Stock

Net income per share of common stock is as follows for the nine and three-month periods ended September 30, 2024 and 2023:


			Nine Months Ended September 30,																								Three Months Ended September 30,
			2024												2023												2024												2023
			Basic						Diluted						Basic						Diluted						Basic						Diluted						Basic						Diluted
Net income per common share (1)			$	25.09					$	25.09					$	16.40					$	16.36					$	7.83					$	7.83					$	7.18					$	7.16

Numerator (in millions):
Net income			$	1,272					$	1,272					$	822					$	822					$	397					$	397					$	359					$	359
Effect of dilutive 2028 Notes			—						—						—						1						—						—						—						—
Net income available to common stock			$	1,272					$	1,272					$	822					$	823					$	397					$	397					$	359					$	359

Denominator:
Weighted average of common stock outstanding for earnings per share			50,697,442						50,697,442						50,137,826						50,137,826						50,697,438						50,697,438						50,008,320						50,008,320
Adjustment for assumed conversions			—						—						—						201,119						—						—						—						201,119
Adjusted weighted average of common stock outstanding for earnings per share			50,697,442						50,697,442						50,137,826						50,338,945						50,697,438						50,697,438						50,008,320						50,209,439

(1) Figures have been calculated using non-rounded amounts.